The gross domestic product (GDP) will rise in the 19 States of the monetary Union this year by only 1.2 percent, informed the authorities in Brussels on Tuesday. In February you had screwed up your expectations of 1.9 percent to 1.3 percent. Due mainly to the slowdown in the global economy and increasing international trade conflicts, especially between the United States and China.
“The European economy is proving resilient in the face of a less favourable external environment,” said the EU Commissioner Valdis Dombrovskis. The growth will continue in all the States, especially because of strong domestic demand and rising employment. From the point of view of the EU Commission, the risks are on the increase. The danger of a chaotic Brexits, as well as a weakening economy in important growth markets, especially in China.
Germany expects the EU Commission for 2019 with growth in the gross domestic product (GDP) by 0.5 percent. Previously, it was still 1.1 percent. The main reason was the increasing protectionism of major trading partners, such as the United States. The car production schwächele, a cloudy in addition, the atmosphere for private investment.
The EU Commission is pivoted so that on the downward revision of the economic forecast of the Federal government, most recently expected only with an increase in GDP of 0.5 percent.